Topic: 🌐[ANN][PRE-ICO][ICO] MADANA FIRST MAJOR ICO ON LISK. DATA ANALYSIS PLATFORM.🌐 - page 4. (Read 22716 times)

Our PAX Cryptocurrency is Launching this Year


Many of you who have been following us have seen the progress we already made with our B2B strategy. In this blog post, we want to highlight to our supporters and community members the progress we made regarding our PAX launch and what you can expect for the foreseeable future.



The Path to our Vision — The MADANA Platform

What many of you might still not know is that we are not only developing a sidechain or smart contracts. Here at MADANA, we are pioneering privacy-preserving data analyses. The core products that we are currently developing for enterprises will be connected and introduced to the masses with the help of blockchain technology to ensure transparency, openness, and fairness for all participants.


Release of MADANA products

Moreover, this approach will connect and open up the data-silos from various industries, while ensuring monetization and privacy for the true owners of the data and purpose-specific use of it for data consumers. With this in mind, the medium to make all the background transactions and validations is our cryptocurrency PAX.
To scale and achieve our vision, we will grow through a longterm plan which encompasses our products starting with MADANA Enterprise and ending with MADANA Platform.

Therefore, the main launch of our MADANA platform will require a long period of development, testing & adjustment before it can be introduced to the public in the future.
We didn’t want to keep our supporters waiting until this platform goes live, so we decided to introduce the PAX cryptocurrency in Q4 2019 as an ERC-20 standard token.


MADANA goes broader

The conversations with many of our customers from the B2B sector show one constant conclusion. The demand for our technology is simply too big to ignore! It is evident that we must act now and broaden the area of applications for our blockchain agnostic technology.
We are excited to upgrade to this approach for several reasons. The ERC-20 token standard has been extensively tested and proven in the blockchain industry, and Ethereum has one of the largest user bases in the industry. The widespread wallet and exchange compatibility lowers the entry barrier and has the potential to trickle down users into both ecosystems.
Not only will it warrant us and our supporters an earlier market entry but also empower us to stay flexible enough within our ongoing agile company development and meet the popular demand.
In November 2018, Lisk released their new roadmap, introducing the action plan towards a production SDK. In this roadmap, the possibility to create a custom token on the Lisk main blockchain was set to be after the beta SDK in the future. This required agile adjustments on our side, and we quickly began to examine reasonable solutions to ensure the completion of our ambitions in terms of the PAX launch for 2019.


While we have an unchanged commitment to developing certain building blocks of the MADANA platform with the yet to come Lisk production SDK, we can certainly release the PAX cryptocurrency before that.
Several possibilities exist to connect both ecosystems (e.g. a Lisk-Ethereum Bridge) and we will choose the best path that will suit the state of the MADANA platform development in the future.


Next Steps

In preparation for the PAX launch in Q4 of this year, we are going to collect Ethereum disbursement addresses from the contributors of the previous rounds of the Token Sale.
We will contact everyone via email and announce on all social media channels clear instructions on how to progress from thereon. Further, we will give you a reasonable timeframe to send us your Ethereum address to receive the claimed PAX from the Token Sale.

A blog post dedicated to relaying the specific dates and instructions for this will be released soon. Subsequently, a blog post detailing our Main Sale will also be released.

Read more on our blog: https://blog.madana.io/our-pax-cryptocurrency-is-launching-this-year-61aa9d90bf25

MADANA is continously actively working on various levels 

Next Wednesday our Community Manager @EugenSalkutzan is going to be a guest speaker at the @OKEx event in Germany. Attendance is free of charge. If you are in Berlin we would love to see you at the event. Get your free tickets at: https://buff.ly/2WPqc1Z

📢 Over the weekend we hit the 1000 Likes mark on our Facebook page. Huge thanks to our awesome community! 2019 is our year - let's do it! 📢 #MADANA #PrivTech

Christian Junger, CEO MADANA on Twitter:

Recently I published the first blog post of my two-part long series depicting my story of becoming the #entrepreneur that I am today and the hardships associated with it.  https://lnkd.in/duimk4p . For the people who prefer to read in German: https://lnkd.in/dAfQArC  #startup

Thank you for the interest!

We are pretty agnostic with the data that can be processed with our system. Important is to note that particularly really sensitive data like health care data or data with personal context can securely and with privacy in mind be processed now to extract valuable insight.

We have filed in the patent in spring 2018 and will update our community when we get an answer from the patent office. You can check some published information about it on our website: https://www.madana.io/patent

When you talk about data analysis, are they data that can be used for future marketing, user cookies? And the patent in Germany, has a date for the Madana to be patented?

The year 2018 is slowly coming to an end. We at MADANA are looking back with joy at a year full of hard work, new partners and change in the company as well as in the world of data privacy.

To conclude with 2018 we want to sum up all the major events of this year and have an outlook on the year 2019.

Setting Sails
Many might not know that MADANA’s roots lye in the beautiful city of Aachen. Here our founders set up the groundwork for the company that it is today. Out of the academical environment of the local elite university RWTH Aachen, and together with Max Kordek, we have established a successful Bitcoin Meetup and even Lisk itself has originated from here.

With further growth at the beginning of the year, we finally could initiate the next step on our journey to the epicenter of our industry, moving to Berlin. Here, right before the Lisk Relaunch event, we announced Max Kordeks investment in our cause (followed by a second round investment in October) together with our partnership with Lisk to bring the world a blockchain driven data analysis market to protect and secure peoples data privacy.

Partnerships
MADANA is not only beneficial for everyday people, moreover, all sorts of businesses also have a high interest in discrete data analysis with a focus on data privacy. The use cases span from fields like health care and energy over to IoT and online advertisement.

Therefore we have set up our strategy in a way that we could conquer the B2B market first, delivering businesses a tool to analyze data from foreign sources while proving privacy and purpose-specific analysis integrity. The possibilities in times of data leaks and scandals are unimaginable, especially with the enforcement of the GDPR on May 25th.



This spring we could finally celebrate our partnership with Capgemini for this cause, with whom we now have a strong and experienced partner to make ourselves a name in various competitive industries. To further strengthen our position here, we are already in talks with another, even bigger and internationally respected, consulting company. With them, we are following a particularly interesting use case, that we can’t wait to reveal in 2019.

Throughout the year we could also win a variety of partners in the academic and political sector, as well as welcoming highly experienced and renowned Advisors, like German Ramirez, who love and share our vision. They help with their experience and network on every step of MADANA’s journey.

Token Sale
After a successful patent filing of our technology in spring, we could finally present our community the complete vision of MADANA in the form of our White Paper, our Tokenomics Paper, and a One-Pager to get an overview. This marked the starting point for our PAX Token Pre-Sale, which started with the whitelisting in August and ended on October 31st. Setting up such a business in Germany is not easy by any means, therefore we are proud to be one of the first BaFin checked German businesses to conduct a Token Sale here.

To celebrate this kick-off event we organized a party with over 100 attendants at our office.


PAX party invitation poster

The total amount of funding MADANA has raised so far is accounted to € 1.42 Million Euro. This money will ensure our growth and product development in 2019, yet it is still only the beginning as our Main Sale is still on the horizon.

International

Consensus New York 2018: https://youtu.be/2C3dnTzb-MU
“MADANA is not only for Europe, but also the World” our CEO Christian Junger once said. The vision is a global one, and in this means we have traveled the world this year to make new business contacts and learn from different cultures. MADANA has made a debut in New York at this year's Consensus conference, found partners in China and Hong Kong and had an extensive Roadshow throughout Moscow, Singapore, Thailand, and Vietnam.




At this point, we would like to make a big shout out to our Ambassadors in the USA, Poland, Netherlands, Russia, and China. With your support, we grow our community in your countries and establish the vision of a global decentralized pool of information that our founders had.


Outlook on 2019
The ground for a successful 2019 has been laid by our community and us in 2018. Therefore we can say that, despite a difficult market situation, this year was a good one for MADANA. We have been following our roadmap and reached one milestone after another. This, of course, will continue in 2019!

We are looking forward to collaborating further with our current, and yet to be announced, partners on B2B use cases and pilot-projects to demonstrate the power of MADANA to the industry. Because we are already in talks and have concrete use cases with a renowned company from the automotive industry, an international shopping mall provider and a well-known telecommunication provider, we are certain that 2019 will be the year of massive progress for us and our partners in the regards of our technology integration. The community can expect the release of the PAX token, and much more, that we have been preparing for you.

As our new year's resolutions, we have set ourselves to grow, share knowledge and be open for change in an accelerating world of technology.


Our Team with MADANA Ambassador Alexey Usanov (Russia)

We wish every single one of you a happy and successful new year!

Join the MADANA Community
Community Hub: https://communityhub.madana.io
Twitter: https://twitter.com/madana_hq
Telegram: https://t.me/madanaofficial
Reddit: https://www.reddit.com/r/MADANA
Facebook: https://www.facebook.com/madana.io
Linkedin: https://www.linkedin.com/company/madana.io

Thank you so much dear community!
With your help we won the StartUp TV challenge last month and were interviewed by them for a second round.
The outcome is this beautiful explainatory video of MADANA with out Head of Development Nicolas Pettican. Check it out!



CLICK HERE: https://youtu.be/4UPyNB354e0?t=806

on the website they don't show how much money has been reached,
but you can ask at the MADANA project telegram, it looks like they will help you

It's really simple if you think about it. It is all conducted via Community Hub. At the moment, there is just something you may compare to a "twitter campaign" so that you get Community Points for likes/retweets and there is also MADANA's referral program (for both Community Hub and Token Sale - the latter with additional reward of 10% of referral contribution).

There probably will be other possibilities included in the future, as even now you can notice Facebook and Telegram logos next to the Twitter one (the others are currently inactive).
You can also set an appropriate signature on forum. Take look at the Bounty thread: https://bitcointalksearch.org/topic/500k-eur-bnty10-referralmadanaioger-patentpending-142m-raised-so-far-5076137

it seems a bit confusing for the bounty program from MADANA,
because the requirements are also quite a lot, is there no future new bounty for madana?

Hey,

thanks for the question. We have progress bar of tokens sold so far here https://www.madana.io/tokenomics.html

Please read our blog post statement we published after the Pre-Sale, there you can see how much MADANA has raised from Token Sales until now. https://blog.madana.io/the-end-of-our-public-pre-sale-e592c3ca7607

The public Main Sale is not announced yet, so stay tuned.

Where can we see how much is collected till now and when will ico be over?